Process of Buying a Home

Whether your dream is to own a home in the country, or a condominium downtown, the process of getting a mortgage is the same. For many, buying a home is one of the biggest decisions they will ever make. The process of buying a home can be complicated, even for those who have done it before, so having someone to talk to can make the process more enjoyable. Tower Community Bank has experts that want to help you.

Step 1 – Review your financial picture to determine your buying power

Review your credit bureau and clean up any past issues and make sure there are no inaccuracies or mistakes.

Figure your debt to income ratio by dividing the total of everything you owe monthly by the total of your monthly income.

Determine what you can comfortably afford. Keep in mind that there may be upfront costs of a down payment and closing costs.